As reported late last night by Investor’s Business Daily:
The website Betaville reported, citing sources, that Twitter and Disney are “thrashing out a deal” after agreeing on a price “thought to be in the high 20s per share” late last week.
Later, Benzinga, citing a source “familiar” with the matter, downplayed the “chatter” and questioned the source.
Twitter shares rose 3.2% to 17.82 in late trading on the stock market today. But that followed the 4.3% regular-session decline to 17.26 amid a report of big job cuts this week. Twitter rose as high as as 25.25 on Oct. 5, the best since December 2015, amid speculation that Disney, Google parent Alphabet (GOOGL), Salesforce.com (CRM) and even, by some accounts, Apple (AAPL), might make a bid for Twitter. But they all appeared to drop out, with Disney apparently wary of the caustic comments and abuse by Twitter trolls.
Yet Disney CEO Bob Iger has made no secret of his desire to boost Disney’s digital distribution channels.